Corient Private Wealth LLC Purchases 10,909 Shares of Xcel Energy Inc. $XEL

Corient Private Wealth LLC lifted its position in Xcel Energy Inc. (NASDAQ:XEL) by 8.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 136,348 shares of the company’s stock after acquiring an additional 10,909 shares during the period. Corient Private Wealth LLC’s holdings in Xcel Energy were worth $10,093,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vermillion & White Wealth Management Group LLC acquired a new stake in Xcel Energy during the third quarter worth $27,000. Abound Wealth Management raised its stake in shares of Xcel Energy by 394.5% in the 4th quarter. Abound Wealth Management now owns 361 shares of the company’s stock valued at $27,000 after buying an additional 288 shares in the last quarter. Garton & Associates Financial Advisors LLC acquired a new position in shares of Xcel Energy in the 4th quarter valued at $30,000. Beacon Financial Strategies CORP bought a new position in shares of Xcel Energy during the 4th quarter worth about $33,000. Finally, Pittenger & Anderson Inc. lifted its holdings in shares of Xcel Energy by 73.8% during the 4th quarter. Pittenger & Anderson Inc. now owns 471 shares of the company’s stock worth $35,000 after acquiring an additional 200 shares during the period. 78.38% of the stock is owned by institutional investors.

Xcel Energy Stock Up 1.4%

Shares of NASDAQ XEL opened at $81.47 on Thursday. The firm’s 50-day simple moving average is $79.38 and its 200 day simple moving average is $78.36. The company has a market cap of $50.86 billion, a price-to-earnings ratio of 23.48, a price-to-earnings-growth ratio of 2.09 and a beta of 0.39. The company has a quick ratio of 0.68, a current ratio of 0.77 and a debt-to-equity ratio of 1.45. Xcel Energy Inc. has a 12-month low of $66.56 and a 12-month high of $84.23.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.91 EPS for the quarter, hitting analysts’ consensus estimates of $0.91. The firm had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.21 billion. Xcel Energy had a net margin of 14.14% and a return on equity of 10.37%. The company’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.84 EPS. On average, research analysts expect that Xcel Energy Inc. will post 4.11 earnings per share for the current fiscal year.

Xcel Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.5925 per share. This represents a $2.37 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, June 15th. Xcel Energy’s dividend payout ratio is 68.30%.

Analyst Ratings Changes

A number of research firms recently weighed in on XEL. Weiss Ratings reissued a “buy (b-)” rating on shares of Xcel Energy in a research note on Wednesday, June 17th. JPMorgan Chase & Co. cut their price target on shares of Xcel Energy from $94.00 to $91.00 and set an “overweight” rating for the company in a research note on Thursday, May 14th. UBS Group lifted their price objective on Xcel Energy from $89.00 to $91.00 and gave the company a “buy” rating in a report on Monday, April 20th. Truist Financial lowered their price objective on Xcel Energy from $95.00 to $92.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Finally, BMO Capital Markets increased their target price on Xcel Energy from $90.00 to $94.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Xcel Energy presently has a consensus rating of “Buy” and an average price target of $91.06.

Xcel Energy Profile

Xcel Energy (NASDAQ: XEL) is a Minneapolis-based, publicly traded utility holding company that develops, owns and operates regulated electricity and natural gas delivery systems. The company’s core activities include generation, transmission and distribution of electricity, the delivery of natural gas to customers, and related customer service operations. Xcel provides a mix of utility services to residential, commercial and industrial customers and participates in wholesale energy markets where appropriate.

Its generation portfolio combines nuclear, natural gas, coal and a growing share of renewable resources such as wind and solar.